B. Riley Wealth Advisors Inc. Lowers Holdings in Equinor ASA (NYSE:EQNR)

B. Riley Wealth Advisors Inc. trimmed its holdings in Equinor ASA (NYSE:EQNR) by 13.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,634 shares of the company’s stock after selling 8,330 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Equinor ASA were worth $1,697,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Folketrygdfondet increased its holdings in Equinor ASA by 0.9% in the 4th quarter. Folketrygdfondet now owns 107,959,982 shares of the company’s stock valued at $3,415,854,000 after acquiring an additional 917,330 shares during the last quarter. FMR LLC grew its position in shares of Equinor ASA by 4.5% during the third quarter. FMR LLC now owns 10,284,862 shares of the company’s stock valued at $337,241,000 after purchasing an additional 444,435 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Equinor ASA by 39.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,045,722 shares of the company’s stock worth $33,105,000 after purchasing an additional 295,162 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Equinor ASA by 9.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,432,242 shares of the company’s stock worth $108,596,000 after buying an additional 285,662 shares in the last quarter. Finally, Capital Fund Management S.A. boosted its stake in Equinor ASA by 301.0% during the fourth quarter. Capital Fund Management S.A. now owns 274,743 shares of the company’s stock valued at $8,693,000 after buying an additional 206,234 shares during the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. StockNews.com raised Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $26.40 to $28.50 in a research note on Tuesday, February 20th. Finally, TD Cowen began coverage on shares of Equinor ASA in a research report on Wednesday, April 24th. They set a “hold” rating and a $28.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Equinor ASA presently has a consensus rating of “Hold” and a consensus target price of $28.25.

Equinor ASA Price Performance

Shares of Equinor ASA stock opened at $27.26 on Wednesday. The stock has a market cap of $85.10 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 3.51 and a beta of 0.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.76 and a current ratio of 1.88. The stock has a 50 day moving average price of $27.90 and a 200-day moving average price of $28.16. Equinor ASA has a one year low of $24.44 and a one year high of $34.73.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.78 by $0.18. Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. The company had revenue of $25.14 billion during the quarter, compared to analyst estimates of $25.03 billion. Equities analysts expect that Equinor ASA will post 3.55 EPS for the current year.

Equinor ASA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Thursday, May 16th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 4.40%. Equinor ASA’s payout ratio is 35.60%.

Equinor ASA Company Profile

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.